Wells Fargo (WFC) Offering Possible 7.53% Return Over the Next 23 Calendar Days

Wells Fargo's most recent trend suggests a bullish bias. One trading opportunity on Wells Fargo is a Bull Put Spread using a strike $51.50 short put and a strike $46.50 long put offers a potential 7.53% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $51.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $46.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Wells Fargo is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Wells Fargo is bullish.

The RSI indicator is at 61.43 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Wells Fargo

Wells Fargo to Present at the Bank of America Merrill Lynch 2014 Banking & Financial Services Conference
Fri, 31 Oct 2014 00:45:00 GMT
Business Wire – Wells Fargo & Company said today that Chief Financial Officer John Shrewsberry will present at the Bank of America Merrill Lynch 2014 Banking & Financial Services Conference to be held in New York on Thursday, November 13, at 12:10 p.m.

Final Glance: Banks companies
Thu, 30 Oct 2014 22:02:32 GMT

Did the end of QE just kill the hottest trade of the last five years?
Thu, 30 Oct 2014 21:08:55 GMT
Talking Numbers – http://l.yimg.com/hv/api/res/1.2/7TidDgOpxpFZ7D6qSICnnA–/YXBwaWQ9eWZpbmFuY2U7aD0zMTt3PTQy/http://l.yimg.com/os/en-US/video/video.pd2upload.com/video.tncnbc.com@52064d24-18a1-3a68-b398-bd765933a04e_FULL.jpg

Wells Fargo Fails to Escape Overdraft Suit, to Pay $203M
Thu, 30 Oct 2014 21:00:52 GMT

Mortgage servicer Ocwen targeted by complaints
Thu, 30 Oct 2014 17:30:44 GMT
USA TODAY – Federal complaint database ranks Ocwen third for mortgage-related grievances.

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